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An announcement from American Express ( (AXP) ) is now available.
American Express reported its delinquency and write-off statistics for U.S. Consumer and Small Business Card Member loans, showing slight fluctuations in loan amounts and delinquency rates from July to September 2024. The Consumer loan delinquency rate edged up to 1.4% in September, while the Small Business rate reached 1.5%. Notably, net write-off rates hovered around 2% for both segments, reflecting stable credit performance despite varying loan characteristics.
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